Acquisitions, Intangible Assets, and Goodwill (Tables)

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions, by Acquisition

The acquisition date fair value of the consideration transferred consisted of the following:

	Acquisition Date
Consideration transferred	Fair Value
Cash paid at close	$	8,910
Fair value of deferred purchase payments	1,572
Total purchase consideration	$	10,482

The acquisition date fair value of the consideration transferred consisted of the following:

	Acquisition Date
Consideration transferred	Fair Value
Cash paid at close	$	10,650
Fair value of deferred purchase payments	2,878
Consideration transferred	$	13,528

The acquisition date fair value of the consideration transferred consisted of the following:

	Acquisition Date
Consideration transferred	Fair Value
Fair value of the January 2021 and February 2022 Convertible Notes	$	7,530
Cash paid at close	4,255
Other consideration	2,070
Total purchase consideration	$	13,855

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below summarizes the Company’s preliminary purchase price allocation. The allocation of the purchase price is preliminary as of September 30, 2024 as the Company continues to gather information supporting the acquired assets and liabilities to finalize the purchase price allocation.

	Purchase Price
Assets acquired	Allocation
Fair value of tangible assets:
Cash and cash equivalents	$	1,550
Accounts Receivable	742
Prepaid Expenses	463
Other current assets	676
Other assets	100
Identifiable intangible assets	2,630
Goodwill	10,489
Total assets acquired	$	16,650
Liabilities assumed
Accounts payable	$	194
Short-term debt	2,529
Accrued liabilities	457
Deferred revenue	2,708
Other liabilities	280
Total Liabilities Assumed	$	6,168
Fair value of assets acquired and liabilities assumed, net	$	10,482

The table below summarizes the Company’s preliminary purchase price allocation. The allocation of the purchase price is preliminary as of September 30, 2024 as the Company continues to gather information supporting the acquired assets and liabilities to finalize the purchase price allocation.

	Purchase Price
Assets acquired	Allocation
Fair value of tangible assets:
Cash and cash equivalents	$	1,502
Accounts Receivable	139
Other assets	686
Identifiable intangible assets	9,350
Goodwill	15,846
Total assets acquired	$	27,523
Liabilities assumed
Deferred revenue, current	847
Deferred tax liabilities	1,411
Other liabilities	1,891
Total Liabilities Assumed	$	4,149
Fair value of assets acquired and liabilities assumed, net	$	23,374
Fair value of noncontrolling interest	$	9,846
Fair value of controlling interest acquired	$	13,528

The allocation of the purchase price is final as of September 30, 2024.

	Purchase Price
Assets acquired	Allocation
Fair value of tangible assets:
Cash and cash equivalents	$	549
Accounts receivable	518
Prepaid expenses and other current assets	320
Property and equipment, net	8
Other long-term assets	3
Identifiable intangible assets	2,780
Goodwill	16,791
Total assets acquired	$	20,969
Liabilities assumed
Accounts payable	342
Deferred revenue	367
Accrued expenses	213
Other current liabilities	609
Other long-term liabilities	417
Total Liabilities Assumed	$	1,948
Fair value of assets acquired and liabilities assumed, net	$	19,021
Fair value of noncontrolling interest, including call option	$	5,166
Fair value of controlling interest acquired	$	13,855

Schedule of Intangible Assets

Intangible assets consist of the following:

	As of September 30, 2024
	Weighted Average Remaining Useful Life (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	4.1	$	8,799	$	(2,447)	$	6,352
Trade name	3.5	5,176		(2,069)		3,107
Content	2.7	3,142		(1,497)		1,645
Customer relationships	5.4	10,814		(1,300)		9,514
Capitalized internal-use software	2.7	13,784		(3,656)		10,128
Total as of September 30, 2024		$	41,715	$	(10,969)	$	30,746

	As of December 31, 2023
	Weighted Average Remaining Useful Life (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	4.1	$	5,604	$	(1,518)	$	4,086
Trade name	3.7	4,451		(1,404)		3,047
Content	2.3	2,387		(1,021)		1,366
Customer relationships	4.4	1,694		(396)		1,298
Capitalized internal-use software	2.8	8,460		(2,174)		6,286
Total as of December 31, 2023		$	22,596	$	(6,513)	$	16,083

Schedule of Future Amortization Expense

As of September 30, 2024, future amortization expense is expected to be as follows:

	Amount
Remainder of 2024	$	2,015
2025	7,808
2026	6,869
2027	4,599
2028	3,037
Thereafter	6,418
Total	$	30,746

Schedule of Goodwill

The changes in the carrying value of goodwill during the nine months ended September 30, 2024 were as follows:

	Amount
Balance as of January 1, 2024	$	24,879
Datos purchase price allocation adjustment	(104)
Brand 24 acquisition	15,846
Ryte acquisition	10,489
Exploding Topics acquisition	1,888
Foreign currency translation adjustment	1,301
Balance as of September 30, 2024	$	54,299